Newsletters

SuperGroup founders launch wealth sharing staff incentive plan

September 12, 2017

The founders of British fashion retailer SuperGroup , owner of the Superdry brand, have launched an incentive plan that would see them share their wealth with the firm's 4,500 employees - if its share price rises significantly.

The business is valued at 1.27 billion pounds. - Photo: Superdry

SuperGroup detailed the move, which forms part of its strategy to attract and retain talent, at its annual shareholders' meeting on Tuesday.

The scheme, which runs to September 2020, would see Julian Dunkerton and James Holder, transfer into a trust 20 percent of their gain from any increase in the group's share price over 18 pounds.

Dunkerton and Holder grew the fashion chain from a market stall in Cheltenham, western England, and listed its shares at 500 pence in London in 2010.

The stock closed Monday at 1,560 pence, valuing the business at 1.27 billion pounds.